Hong Kong is characterised for a hybrid of East and West. conventional Chinese values emphasising loved ones and instruction Mix with Western ideals, such as economic liberty as well as rule of law.[258] Although the overwhelming majority of your populace is ethnically Chinese, Hong Kong has produced a distinct identity. The territory diverged from your mainland on account of its extensive duration of colonial administration and a special tempo of financial, social, and cultural enhancement. Mainstream culture is derived from immigrants originating from various aspects of China. This was influenced by British-design and style schooling, a different political procedure, and the territory's rapid improvement over the late twentieth century.
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Originally a sparsely populated place of farming and fishing villages,[16] the territory happens to be one of several globe's most vital economical centres and industrial ports.[21] it can be the whole world's tenth-premier exporter and ninth-biggest importer.[22][23] Hong Kong has a major capitalist services economy characterised by reduced taxation and cost-free trade, and its currency, the Hong Kong dollar, would be the eighth most traded forex on the globe.
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it's got tiny arable land and several purely natural assets, importing the vast majority of its foods and raw components. a lot more than ninety for every cent of Hong Kong's food stuff is imported, together with nearly all its meat and rice.
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Hong Kong represents alone separately from mainland China, with its personal athletics groups in Intercontinental competitions.[283] The territory has participated in almost every summer months Olympics considering the fact that 1952, and has acquired three medals.
Hong Kong is really a Unique administrative region of China, with executive, legislative, and judicial powers devolved from the countrywide federal government.[90] The Sino-British Joint Declaration provided for financial and administrative continuity with the transfer of sovereignty,[75] leading to an govt-led governing system mostly inherited from your territory's record as a British colony.
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